Fed’s Decision to Postpone Rate Cuts May Impact Biden’s Prospects

Since the 46th president of the United States Joe Biden entered the oval office in January of 2021, the United States has been immersed in a general climate of uncertainty and instability. Indeed, millions of illegal migrants have crossed the southern border into the nation at a rate unprecedented in national history and the government and the president has been unwilling or unable to address the issue. The National Security of the nation is clearly at risk; at the border, Iranian nationals were apprehended and there are fears that terrorists and enemies of the United States are using the porous border to infiltrate the country. Economically, the middle class continues to struggle under the weight of inflation, and the buying power of the dollar continues to decline. Home ownership has also been deemed as nearly unaffordable and unattainable for many average Americans everywhere and housing prices continue to skyrocket.

Internationally, Biden orchestrated a botched withdrawal of American troops from Afghanistan in the summer of 2021. 13 servicemembers were killed, and millions of dollars’ worth of military equipment and supplies were abandoned to the Taliban. Enemies of the west, emboldened by the incompetent and incoherent leadership from Washington have taken threatening actions, placing the world on the precipice of war. In the winter of 2022, Russia invaded Ukraine, bringing war back to the European continent for the first time since 1945. In early October, the terrorist group Hamas invaded Israel and murdered over 1,000 innocent civilians.

It is no secret that Joe Biden is truly an unpopular president. As the election of 2024 nears ever closer and a rematch between the unpopular Biden and detested former president Donald Trump seems increasingly likely, most polls show a dead heat between the two candidates. In a recent development, the federal reserve announced it would be postponing rate cuts, which may impact Bidens approval ratings heading into the election which nears ever closer daily.